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Prime Trust parent company lost $8M investing in TerraUSD

Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million in treasury funds through investments in the algorithmic stablecoin.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Prime Trust parent company lost $8M investing in TerraUSD

Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million in treasury funds through investments in the algorithmic stablecoin.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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